Karl Marx Was Right – US Wage Growth At Decade High Of 3.1%

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It's our old friend Karl Marx who called the thing about the workers' wages right. Full employment is indeed the workers' best friend and...

Nigeria’s Minimum Wage Is Too High At $80 A Month – Don’t Raise It

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There's a threat of strike action in Nigeria over the new possible level of the national minimum wage. The problem is that the demand...

Congratulations To Ethiopia – Getting Richer By Going Neoliberal

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Ethiopia didn't have a good economic time of it in the recent past. That leap from Haile Selassie's monarchical feudalism to Mengistu's Red Terror...

The EPI Gets The Trade Deficit With China Entirely Wrong – Again

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The Economic Policy Institute wants to tell us all that the trade deficit with China is a very bad thing, very bad indeed. Because...

How Stupid Do You Have To Be To Complain About This?

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From our archives of stupid things believed by British academics: Chair in Inclusive Societies, University of Sheffield Inclusive what? The silliness: More than 500 high-rise developments are...

Scientific American On How Inequality Murders Us All – But What Inequality?

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Scientific American has a large report upon how inequality murders us all in our beds. More specifically they've a long piece about how economic...

Oh Dear, Piketty’s Numbers Aren’t Right

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That Thomas Piketty offered us all an interesting critique of how contemporary capitalism works is interesting. It's an interesting critique too. The question though...

The Billionaires Are Stealing The Wealth Of The Rest Of Us

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So The Guardian would have us believe as they breathlessly report on a wealth study from UBS. What is actually being shown is that...

The Liverpool Tower Block Where We Rip Off The Foreign Plutocrats

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We're told of a tower block owned by certain foreigners. Where the tenants are cold and those dastards have been making massive profits. Given...

Why Would We Trust The People Or System That Brought Us The 1970s?

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Larry Elliott wants us all to know that it's very important that we kill off inequality so that we all trust each other again....